Asia top stories - weekly summary

23 August 2010 02:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS news Asia and the Middle east for the week ended 20 August 2010.

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Focus - Japan may stem yen rise to support weak economy
SINGAPORE (ICIS)--Japan may soon devise ways to prevent the yen from strengthening further as it seeks to support its ailing economy, which barely expanded in the second quarter.

Shell Singapore cracker possibly shut, flaring seen - sources
SINGAPORE (ICIS)--Energy giant Shell has possibly shut its 800,000 tonne/year mixed-feed cracker in Bukom, Singapore, for the second time this month following flaring at the site.

Focus - India’s PP imports shrink 37% in Apr-July, demand up 13%
SINGAPORE (ICIS)--India’s imports of polypropylene (PP) have shrunk by 37% in April-July 2010 from the same year-ago period, a trend likely to continue in months ahead, even though demand in the duration surged by 13%.

Taiwan's Formosa open to renegotiations on Mailiao fire damages
SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Group is willing to renegotiate with Mailiao residents on a compensation package for the health and environmental damage caused by major fires at its petrochemical complex in July.

Focus - Asia mid-cut alcohol prices record high on rising feedstocks
SINGAPORE (ICIS)--Asia mid-cut C12-14 fatty alcohol prices have risen to a record high on escalating feedstock costs and are likely to remain at those levels for a couple of weeks.

Focus - New US gasoline rules to curb Asia benzene exports in '11
SINGAPORE (ICIS)--Asia’s exports of benzene to the US are expected to fall next year with the implementation of a new US regulation limiting the use of the carcinogenic chemical in gasoline.

Tasweeq sells 600,000 tonnes naphtha for Oct ’10-Sep ‘11
SINGAPORE (ICIS)--Qatar International Petroleum Marketing (Tasweeq) has sold by tender 600,000 tonnes of naphtha for October 2010 to September 2011 supply at a double-digit premium underscoring a firming Asian naphtha market.

Interview - GPCA may petition WTO if India levies ADD on Saudi PP
DUBAI (ICIS)--The Gulf Petrochemicals and Chemicals Association (GPCA) may petition the World Trade Organization (WTO) should India levy antidumping duties on exports of polypropylene (PP) from the Gulf region.

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By: Staff Reporter
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